NVDA in my opinion is extremely overvalued, and this rising wedge is the technical nail in this stock's proverbial coffin. the two target prices are labeled on the chart; I'm more inclined to think it will reach $104 because it's a longer term support level. trade at your own risk.
Just taking a look, not trading but wanted to have some idea the same way i look at an alt coin.
The stock has broken the short-term resistance level with high bullish volume after bouncing on the bullish trendline. The resistance and the trendline created a triangle pattern. It could be a signal of a new strong uptrend creating after the consolidation. The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities....
This coil is gonna go big one way or the other very soon. Hoping for that to be tomorrow off a weak open. My play is to spend $50-100 on sep 8 calls(probably 170 strike, possibly 167.5) on any pullback, risk to 0, sell for a minimum of 100%, depending on the chart. A break of 167.89 (today's high) is a good add spot, then above 168.58 another add which could pop...
The pattern is clear. Don't try to buy in and hope it will go up. Wait for the patter to settle.
Bearish rising wedge is formed. We should see a sharp fall next week or two and head towards 990s. Good luck!
Technically weak as volume is getting dried up. Sellers are gaining momentum. $142 is the target. I will be looking to short on Monday on every pop.
The rule of gaps is that they get filled almost 93% of the time. Plus with all the geopolitical issues and it's over valuation I believe there's going to be big drop in this stock in the coming days.
NVDA has been trending down since before their earnings call. Even though the drop might not be significant, I am using trend lines and Fibonacci levels to determine a minimal drop. The most likely drop that conforms with the trends and Fib retracement levels is at least to 160.82. If it goes beneath this level and below the trendline, A more significant drop...
The setup is explained on the chart, if you're looking to trade make sure to give the chart a thumbs up or follow because I will be posting updates HERE throughout to explain, if any, the changes we will be making throughout and be updating EXACTLY when I enter!
This stock is being pumped up so much. Thinking of shorting it. Audi just announced that Intel will provide with chips for the Audi A8 so they are not using Nvidia anymore. And all other partnerships doesn't have any longterm agreement nor they are exclusive. I would be careful going long on this one especially at these prices.
NVDA is continues with crazy growth. We almost touched 170 briefly, which was extremely unexpected. Here is a view on the channel we are back to. Was it a quick previous of future to come? After successfully reaching 155, as previously discussed and even 160-165, here is my new setup for the summer and next September. 190 is the new target, which with the current...
NVIDIA just confirmed its latest breakout, as it managed to break a resistance line and hence converted it into a support line. Therefore, everything looks good for another breakout to reach a new all time high.
If NVIDIA manages to close above the indicated line, a further increase of the stock-price would be possible.